---
schema_version: "secwatch.filing_event.v1"
accession: "0001096343-22-000063"
form_type: "8-K"
ticker: "MKL"
cik: "0001096343"
company_name: "MARKEL GROUP INC."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:23:46.632211+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Markel Co-CEO Richard Whitt retiring by March 31, 2023; Tom Gayner to become sole CEO

## Summary
- Richard R. Whitt III, Co-CEO since 2016, to retire by March 31, 2023, after 31 years at Markel.
- Thomas S. Gayner, Co-CEO, will become sole CEO upon Whitt's retirement, retaining CIO role.
- Jeremy A. Noble, SVP & CFO, will lead global insurance platform, reporting to Gayner; CFO duties to be transitioned.
- Michael R. Heaton named Executive VP of holding company functions; Andrew G. Crowley succeeds him as President of Markel Ventures.

## SEC filing metadata
- accession: 0001096343-22-000063
- form_type: 8-K
- ticker: MKL
- cik: 0001096343
- company_name: MARKEL GROUP INC.
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/0001096343-22-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/mkl-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096343-22-000063
- JSON: https://secwatch.observer/filing/0001096343-22-000063.json
- Plain text: https://secwatch.observer/filing/0001096343-22-000063.txt

## Key facts
- Executive change
  Michael R. Heaton was appointed as Executive Vice President at MARKEL GROUP INC..
  - Action: appointed
  - Role: Executive Vice President
  source text: Appointed Michael R. Heaton, formerly the Company’s President, Markel Ventures, to the newly created role of Executive Vice President of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/0001096343-22-000063-index.htm
- Executive change
  Andrew G. Crowley was appointed as President, Markel Ventures at MARKEL GROUP INC..
  - Action: appointed
  - Role: President, Markel Ventures
  source text: Appointed Andrew G. Crowley as the Company’s new President, Markel Ventures, and designated Mr. Crowley as an additional executive officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/0001096343-22-000063-index.htm
- Executive change
  Richard R. Whitt III departed as Co-Chief Executive Officer at MARKEL GROUP INC..
  - Action: retire
  - Role: Co-Chief Executive Officer
  source text: On May 3, 2022, Richard R. Whitt, III, a Co-Chief Executive Officer (Co-CEO) of Markel Corporation (the Company), informed the Company of his plan to retire by March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/0001096343-22-000063-index.htm
- Executive change
  Thomas S. Gayner changed role as Chief Executive Officer at MARKEL GROUP INC..
  - Action: become
  - Role: Chief Executive Officer
  source text: Thomas S. Gayner, the Company’s other Co-CEO, will become the Company’s sole Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000063/0001096343-22-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.